Calamos Advisors LLC Has $44.91 Million Stock Position in S&P Global Inc. (NYSE:SPGI)

Calamos Advisors LLC reduced its position in shares of S&P Global Inc. (NYSE:SPGI) by 2.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 101,947 shares of the business services provider’s stock after selling 2,180 shares during the period. Calamos Advisors LLC’s holdings in S&P Global were worth $44,910,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in SPGI. BCK Partners Inc. bought a new stake in shares of S&P Global during the first quarter worth $1,969,000. Markel Corp grew its stake in shares of S&P Global by 0.8% in the first quarter. Markel Corp now owns 149,790 shares of the business services provider’s stock worth $61,441,000 after purchasing an additional 1,250 shares during the last quarter. Synovus Financial Corp grew its stake in shares of S&P Global by 1.6% in the first quarter. Synovus Financial Corp now owns 2,239 shares of the business services provider’s stock worth $919,000 after purchasing an additional 36 shares during the last quarter. Sequoia Financial Advisors LLC grew its stake in shares of S&P Global by 115.4% in the first quarter. Sequoia Financial Advisors LLC now owns 2,154 shares of the business services provider’s stock worth $883,000 after purchasing an additional 1,154 shares during the last quarter. Finally, Empirical Financial Services LLC d.b.a. Empirical Wealth Management grew its stake in shares of S&P Global by 12.4% in the first quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 736 shares of the business services provider’s stock worth $302,000 after purchasing an additional 81 shares during the last quarter. 87.17% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

SPGI has been the topic of a number of research analyst reports. BMO Capital Markets upped their price target on shares of S&P Global from $480.00 to $483.00 and gave the company an “outperform” rating in a research report on Monday, April 1st. Erste Group Bank reaffirmed a “hold” rating on shares of S&P Global in a research report on Wednesday, April 3rd. Barclays upped their price target on shares of S&P Global from $500.00 to $520.00 and gave the company an “overweight” rating in a research report on Tuesday, April 2nd. Royal Bank of Canada reiterated an “outperform” rating and set a $500.00 price objective on shares of S&P Global in a report on Friday, February 9th. Finally, Raymond James upped their price objective on shares of S&P Global from $422.00 to $452.00 and gave the company an “outperform” rating in a report on Tuesday, January 9th. Two analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $462.00.

Insider Activity

In other news, CEO Douglas L. Peterson sold 6,000 shares of the stock in a transaction that occurred on Thursday, February 15th. The shares were sold at an average price of $424.74, for a total transaction of $2,548,440.00. Following the completion of the transaction, the chief executive officer now directly owns 162,530 shares of the company’s stock, valued at approximately $69,032,992.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 0.10% of the company’s stock.

S&P Global Stock Up 0.3 %

NYSE:SPGI traded up $1.26 on Thursday, hitting $413.37. The stock had a trading volume of 1,059,050 shares, compared to its average volume of 1,308,915. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.84 and a current ratio of 0.84. The stock has a market cap of $132.39 billion, a P/E ratio of 49.93, a price-to-earnings-growth ratio of 2.31 and a beta of 1.15. S&P Global Inc. has a 1 year low of $338.92 and a 1 year high of $461.16. The firm’s fifty day simple moving average is $425.70 and its two-hundred day simple moving average is $415.27.

S&P Global (NYSE:SPGI) last posted its quarterly earnings data on Thursday, February 8th. The business services provider reported $3.13 EPS for the quarter, missing the consensus estimate of $3.15 by ($0.02). S&P Global had a net margin of 21.02% and a return on equity of 11.34%. The firm had revenue of $3.15 billion during the quarter, compared to analysts’ expectations of $3.13 billion. During the same quarter last year, the business posted $2.54 EPS. The company’s quarterly revenue was up 7.3% on a year-over-year basis. Analysts predict that S&P Global Inc. will post 14.03 earnings per share for the current year.

S&P Global Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, March 12th. Stockholders of record on Tuesday, February 27th were given a dividend of $0.91 per share. This is an increase from S&P Global’s previous quarterly dividend of $0.90. This represents a $3.64 dividend on an annualized basis and a dividend yield of 0.88%. The ex-dividend date was Monday, February 26th. S&P Global’s dividend payout ratio is currently 44.23%.

S&P Global Company Profile

S&P Global Inc, together with its subsidiaries, provides credit ratings, benchmarks, analytics, and workflow solutions in the global capital, commodity, and automotive markets. It operates through S&P Global Market Intelligence, S&P Global Ratings, S&P Global Commodity Insights, S&P Global Mobility, S&P Dow Jones Indices, and S&P Global Engineering Solutions segments.